Massive SEC Fine against Elon Musk | Derailing Twitter?

hey everyone Kevin here a few updates on

the day so uh this morning in the course

member live stream I talked about how

potentially we have hit some massive

margin calls this morning and I think

that's why we saw some crazy lows

including Tesla down at a bottom of

about 680 today which is pretty wild but

I do want to also touch on rivian and an

update a few updates on Elon Musk and

Tesla so let's touch on those so rivie

and recall just over 500 Vehicles due to

airbag faulty airbags this is a little

bit of an issue given that they've just

delivered a few thousand Vehicles most

of them to employees and so it's sending

concerns about uh you know essentially a

lack of manufacturing confidence in a

company that's probably going to have to

look for a liquidity raise or in a

massive or getting a massive injection

of capital within the next year to

continue to fund their operations at the

same time the SEC is now probing Elon

Musk according to the Wall Street

Journal apparently Elon Musk was

supposed to disclose his uh Twitter

shares once he crossed five percent on

March 14th he was supposed to disclose

the stake on March 24th but he did not

file his required SEC format till April

4th The Wall Street Journal is claiming

that Elon Musk may have saved 143

million dollars by not reporting his

traits that crossed the five percent

mark That's because as soon as Elon Musk

actually disclosed his trades uh

Twitter's share price skyrocketed now

some argue that this could potentially

be no accident how could the richest

person in the world not have legal staff

to be aware of this timing they probably

were aware of this so then it raises

questions were they just playing the

game of well I mean let's not buy too

much to where we're moving markets or

making somebody think that something big

is happening right I mean all of a

sudden if you have huge buying pressure

the stock moves up all in one day so you

have to spread it out and it also sends

signals that maybe somebody big is

buying those shares right so uh you know

they try to spread it out and the

argument might be hey look if we can

save well in hindsight here 143 million

dollars by buying Twitter shares cheaper

to get to that 9.2 percent stake where

Elon Musk is maybe maybe the belief is

that well 143 minus what a 10 million

dollar fine for filing the form 10 days

late hashtag worth although obviously

the SEC might consider that 4G chess

move and then consider punitive damages

above and beyond that although any sort

of damages from this were unlikely to

derail at all uh the transaction with uh

or the purchase of Twitter at the same

time according to Bloomberg Elon Musk is

now in talks to raise enough equity and

preferred financing for his proposed buy

out of Twitter keep in mind that we've

got a lot of talk right now that uh

special purpose of vehicles are being

formed to recruit investors to

essentially invest in Twitter and if you

pull enough shares you could potentially

just have multiple funds that are part

of the

1999 shareholder count that we are

allowed to have and once you get above 2

000 you can't really be private anymore

and so uh the goal there might be hey if

potentially if you're an accredited

investor you just hop into an SPV and

you're able to get access to Twitter and

if Elon Musk can you know double or

triple hey well there you go then you

get a potential win right so

um leave me a comment down below by the

way if that's something that you would

be interested in I'll pin a comment just

leave a reply comment or something like

that like interested in learning more

about those spvs or whatever maybe I'll

make a video about this but uh it also

doesn't surprise me that Elon Musk is

wanting to get out of margin when uh you

know Tesla's kind of been down as much

as what 30 percent in just a week so

can't really blame them for wanting to

get out of margin I think the last thing

you want to be in in a bear Market or

recession is margin so anyway stay safe

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